Greenland Capital Management LP Sells 13,975 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Greenland Capital Management reduced its T-Mobile US stake by 46.5% in the second quarter, selling 13,975 shares and retaining 16,086 shares valued at approximately $2.7 million.
• T-Mobile US reported quarterly earnings of $2.99 per share, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, representing a 2.2% annualized yield.
• Analysts maintain a generally positive view, with the stock rated “Moderate Buy” and an average price target of $252.08, despite several recent target reductions. Shares opened at $181.52, well below the 52-week high of $255.74.

Greenland Capital Management LP decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 46.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,086 shares of the Wireless communications provider's stock after selling 13,975 shares during the quarter. Greenland Capital Management LP's holdings in T-Mobile US were worth $2,698,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TMUS. BlackRock Inc. acquired a new position in T-Mobile US in the 2nd quarter valued at $6,625,275,000. Price T Rowe Associates Inc. MD increased its position in T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after buying an additional 6,516,968 shares during the period. State Street Corp lifted its holdings in shares of T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider's stock worth $5,133,198,000 after buying an additional 1,047,624 shares in the last quarter. Capital International Investors lifted its holdings in shares of T-Mobile US by 8.2% during the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider's stock worth $3,014,754,000 after buying an additional 1,121,409 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider's stock valued at $1,772,638,000 after acquiring an additional 827,381 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $181.52 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $255.74. The stock has a market capitalization of $194.71 billion, a P/E ratio of 19.01, a PEG ratio of 1.17 and a beta of 0.34. The stock's fifty day moving average is $181.32 and its 200 day moving average is $192.31.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.84 earnings per share. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.82 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US's payout ratio is presently 42.72%.

Analysts Set New Price Targets

Several equities analysts recently commented on TMUS shares. KeyCorp decreased their price target on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Morgan Stanley cut their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. Wells Fargo & Company decreased their target price on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Friday, July 24th. Weiss Ratings cut shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. Finally, Scotiabank dropped their price target on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $252.08.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: Activist investor Elliott Investment Management reportedly opposes a potential merger involving Deutsche Telekom and is urging the parent company to pursue alternative ways to increase shareholder value. The report could support T-Mobile’s investment case by reducing merger-related uncertainty and keeping the focus on shareholder returns. T-Mobile Stock Rises on Report Elliott Opposes Deutsche Telekom Merger
• Positive Sentiment: Jessica Uhl will join T-Mobile as CFO designate in mid-September and brings senior finance experience from Shell and GE Vernova. Her global operating background may strengthen the company’s financial leadership as T-Mobile continues investing in its wireless network and growth initiatives. T-Mobile US Sets Up CFO Handover With Jessica Uhl Joining In September
• Neutral Sentiment: The transition is planned well in advance: current CFO Peter Osvaldik will remain in the role until February 2027 and work with Uhl during an extended handover. The overlap reduces execution risk, although investors may still be evaluating how Uhl’s priorities will differ from the current finance strategy. T-Mobile CFO Peter Osvaldik to Step Down in February 2027
• Negative Sentiment: The CFO succession announcement may be contributing to near-term pressure on TMUS, as leadership changes can create uncertainty around capital allocation, financial targets and the company’s longer-term strategy, even when the transition is orderly. This comes despite T-Mobile’s recent earnings beat and year-over-year revenue growth. T-Mobile Announces Planned Chief Financial Officer Transition

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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